Former FAW-Volkswagen exec sentenced to life for corruption

April 9, 2015 5:44 AM

12
0

BEIJING (Reuters) - A former top executive at Volkswagen's (VOWG_p.DE) China joint venture with FAW Group Corp was sentenced to life in prison for accepting bribes, state media reported on Thursday, the latest development in corruption investigations involving FAW.

A corruption crackdown at state-owned companies like FAW Group is part of a larger campaign by China's President Xi Jinping to fight graft as well as reform state companies.